If you DM me, I can send suggestions.Yes, you'll want to record the docs after you execute the transaction.Also, don't self-service the loan.

Your best path is to work through your contingencies, provide loan commitment asap and then ask the seller.

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

generally, the best product you can use for a cash out refinance is a DSCR loan.

7.75 % for refi out of hard money into 30year rental loan.  179k total loan including 25k cash out.  2 points.  

I also plan on applying my net rental income towards principal only payments to shorten the life of the loan.

Also what are the interest rates on your current loans?

DSCR loans could be a good option if you want to continue to grow your rental portfolio.

This is a follow up post to one I created yesterday regarding a DSCR loan.  

So could you take out the $50 you need in a term loan and also open a LOC large enough to cover any issues that arise?